Strategic Vision for Vehicle Battery Market Expansion

Key Insights

The global vehicle battery market, valued at $151.71 billion in 2025, is projected to experience robust growth, driven by the escalating demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). The compound annual growth rate (CAGR) of 8.3% from 2025 to 2033 signifies a considerable market expansion, fueled by stringent emission regulations worldwide, government incentives promoting EV adoption, and advancements in battery technology leading to increased energy density, longer lifespan, and faster charging times. Key players like Johnson Controls, CATL, BYD, and Panasonic are at the forefront of this growth, constantly innovating to meet the rising demand and improve battery performance. The market segmentation likely includes various battery chemistries (lithium-ion, lead-acid, etc.), vehicle types (passenger cars, commercial vehicles), and geographic regions, each contributing uniquely to the overall market dynamics. Competition is fierce, with established players and new entrants vying for market share, leading to price optimization and technological advancements.

The market's future trajectory will be significantly influenced by the successful integration of fast-charging infrastructure, the development of more sustainable battery production methods, and the resolution of challenges related to battery lifespan, safety, and recycling. The increasing focus on renewable energy sources and the growing awareness of environmental concerns will further propel the market's growth. Regional variations in market penetration will be observed, with regions exhibiting strong EV adoption rates experiencing faster growth. The continuous improvement in battery technology and declining battery costs will make EVs increasingly affordable and accessible to a wider consumer base, solidifying the market's positive outlook for the forecast period.

Vehicle Battery Research Report - Market Size, Growth & Forecast

Vehicle Battery Market Report: 2019-2033

This comprehensive report provides an in-depth analysis of the global vehicle battery market, encompassing historical data (2019-2024), current estimations (2025), and future projections (2025-2033). The study covers key market segments, prominent players, and emerging trends, offering valuable insights for industry professionals, investors, and strategic decision-makers. The report analyzes a market expected to reach xx million units by 2033, showcasing significant growth opportunities across various vehicle types and geographical regions.

Vehicle Battery Market Dynamics & Structure

The global vehicle battery market is characterized by a dynamic interplay of technological advancements, stringent regulations, and intense competition. Market concentration is moderate, with several key players holding significant market share, while numerous smaller companies also contribute. Technological innovation, primarily driven by the need for higher energy density, faster charging, and improved lifespan, is a key driver of market growth. Stringent environmental regulations, particularly concerning emissions, are compelling the adoption of electric and hybrid vehicles, thereby boosting demand for vehicle batteries. The market faces competition from alternative energy storage solutions, but advancements in battery technology continuously enhance its competitiveness. End-user demographics are shifting towards younger generations increasingly embracing electric vehicles. M&A activity in the sector is robust, with larger players acquiring smaller companies to consolidate their market position and gain access to cutting-edge technologies.

Market Concentration: Moderately concentrated, with top 5 players holding approximately 45% market share in 2025 (estimated).
Technological Innovation: Focus on solid-state batteries, lithium-sulfur batteries, and improved thermal management systems.
Regulatory Frameworks: Stringent emission standards driving electric vehicle adoption globally.
Competitive Substitutes: Fuel cells, ultracapacitors, and potentially alternative energy sources.
End-User Demographics: Growing adoption among younger generations and environmentally conscious consumers.
M&A Trends: Increasing consolidation through acquisitions and strategic partnerships (xx major deals recorded between 2019-2024).

Vehicle Battery Growth Trends & Insights

The global vehicle battery market has witnessed substantial growth over the past few years, driven by the rising adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). This trend is expected to continue throughout the forecast period, with a Compound Annual Growth Rate (CAGR) of xx% from 2025 to 2033. The increasing awareness of environmental concerns and government incentives for EV adoption are key factors fueling market expansion. Technological advancements, such as the development of higher energy density batteries and improved battery management systems (BMS), are further enhancing the attractiveness of EVs, contributing to accelerated market growth. Consumer behavior is shifting towards eco-friendly transportation solutions, fostering greater demand for electric vehicles and their essential component: the vehicle battery. The market penetration of EVs is steadily increasing across various regions, reflecting growing consumer preference for sustainable mobility options.

Dominant Regions, Countries, or Segments in Vehicle Battery

The Asia-Pacific region is currently the dominant market for vehicle batteries, driven primarily by strong demand from China, Japan, and South Korea. The region's robust manufacturing base, supportive government policies promoting EV adoption, and increasing consumer preference for electric vehicles contribute significantly to its leading position. Europe is another major market, with strong government support for the transition to electric mobility and well-established automotive industry. North America shows substantial growth potential, driven by increasing EV sales and substantial investments in battery manufacturing capacity. The growth is particularly fueled by stringent emission regulations and government incentives. The passenger car segment dominates the market, followed by commercial vehicles. However, the market for electric two-wheelers and other light electric vehicles is also showing promising growth.

Key Drivers (Asia-Pacific): Large-scale EV production, government subsidies, and expanding charging infrastructure.
Key Drivers (Europe): Stringent emission norms, substantial government support for EV adoption, and a mature automotive industry.
Key Drivers (North America): Increasing consumer demand for EVs, supportive government policies, and investments in battery production.

Vehicle Battery Product Landscape

The vehicle battery market offers a diverse range of products, primarily categorized by chemistry (e.g., Lithium-ion, Lead-acid, Nickel-metal hydride) and application (e.g., EVs, HEVs, conventional vehicles). Ongoing innovations focus on enhancing energy density, improving charging speeds, extending lifespan, and improving safety features. Key performance metrics include energy density (Wh/kg), power density (kW/kg), cycle life, and cost per kWh. Unique selling propositions include faster charging times, extended range, improved thermal management, and enhanced safety features. Technological advancements are leading to lighter, more efficient, and cost-effective batteries.

Key Drivers, Barriers & Challenges in Vehicle Battery

Key Drivers: The primary drivers include the increasing adoption of electric vehicles, stricter emission regulations globally, and government incentives promoting the use of electric vehicles. Advancements in battery technology, such as higher energy density and faster charging, are also significant drivers. The rising awareness of environmental concerns among consumers also plays a key role.

Challenges & Restraints: High initial cost of batteries, limited charging infrastructure in many regions, concerns about battery lifespan and safety, and the availability of raw materials are significant challenges. Supply chain disruptions and geopolitical uncertainties can impact battery production and prices. Competition from alternative technologies and regulatory hurdles further complicate market growth. The dependence on specific raw materials and the environmental impact of battery production and disposal pose ongoing challenges.

Emerging Opportunities in Vehicle Battery

Emerging opportunities lie in the development of advanced battery technologies, such as solid-state batteries and lithium-sulfur batteries, which offer significantly higher energy density and improved safety. Untapped markets in developing countries with growing vehicle ownership present substantial growth potential. The integration of battery storage systems in renewable energy grids and the development of innovative applications for vehicle batteries in other sectors (e.g., stationary energy storage) are also promising avenues for expansion. Furthermore, evolving consumer preferences for long-range electric vehicles, rapid charging capabilities, and eco-friendly manufacturing processes present opportunities for innovative battery solutions.

Growth Accelerators in the Vehicle Battery Industry

Technological breakthroughs in battery chemistries and cell designs, leading to higher energy density, longer lifespan, and improved safety, are key growth catalysts. Strategic partnerships between battery manufacturers, automotive companies, and raw material suppliers are accelerating innovation and streamlining supply chains. The expansion of charging infrastructure globally, alongside supportive government policies and incentives, further fuels market growth. Furthermore, investments in research and development aimed at reducing battery production costs and enhancing sustainability contribute significantly to market expansion.

Key Players Shaping the Vehicle Battery Market

Johnson Controls
Chaowei Power
GS Yuasa
Exide Technologies
CATL
East Penn Manufacturing
BYD
Panasonic
PEVE
EnerSys
OptimumNano
Camel
Exide Industries
LG Chem
GuoXuan
FIAMM
SAMSUNG SDI
Fengfan
Amara Raja Batteries
AESC
Lishen
Hitachi
Banner Batteries

Notable Milestones in Vehicle Battery Sector

2020: Significant investments in battery gigafactories announced globally.
2021: Several major automotive companies announced plans to transition entirely to electric vehicle production.
2022: Launch of several new battery chemistries with improved performance characteristics.
2023: Increased focus on sustainable battery production and recycling technologies.
2024: Several key mergers and acquisitions reshaping the market landscape.

In-Depth Vehicle Battery Market Outlook

The future of the vehicle battery market appears bright, driven by continuous technological advancements, expanding charging infrastructure, and supportive government policies. The market is projected to witness substantial growth, particularly in emerging markets. Strategic partnerships and investments in battery production capacity will further stimulate market expansion. Innovative battery chemistries and sustainable manufacturing practices will play a crucial role in shaping the industry's future. Opportunities exist for companies that can effectively address challenges related to raw material supply, battery recycling, and environmental concerns.

Vehicle Battery Segmentation

1. Application
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2. Type
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Vehicle Battery Segmentation By Geography

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Vehicle Battery REPORT HIGHLIGHTS

Aspects	Details
Study Period	2019-2033
Base Year	2024
Estimated Year	2025
Forecast Period	2025-2033
Historical Period	2019-2024
Growth Rate	CAGR of 8.3% from 2019-2033
Segmentation	By Application By Type By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
- - 3.3. Market Restrains
- - 3.4. Market Trends
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
  - 5.1.1.
- 5.2. Market Analysis, Insights and Forecast - by Type
  - 5.2.1.
- 5.3. Market Analysis, Insights and Forecast - by Region
  - 5.3.1.
  - 5.3.2.
  - 5.3.3.
  - 5.3.4.
  - 5.3.5.
6. undefined Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
  - 6.1.1.
- 6.2. Market Analysis, Insights and Forecast - by Type
  - 6.2.1.
7. undefined Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
  - 7.1.1.
- 7.2. Market Analysis, Insights and Forecast - by Type
  - 7.2.1.
8. undefined Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
  - 8.1.1.
- 8.2. Market Analysis, Insights and Forecast - by Type
  - 8.2.1.
9. undefined Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
  - 9.1.1.
- 9.2. Market Analysis, Insights and Forecast - by Type
  - 9.2.1.
10. undefined Vehicle Battery Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Application
  - 10.1.1.
- 10.2. Market Analysis, Insights and Forecast - by Type
  - 10.2.1.
11. Competitive Analysis
- 11.1. Global Market Share Analysis 2024
- - 11.2. Company Profiles
  - - 11.2.1 Johnson Controls
      11.2.1.1. Overview
      11.2.1.2. Products
      11.2.1.3. SWOT Analysis
      11.2.1.4. Recent Developments
      11.2.1.5. Financials (Based on Availability)
    - 11.2.2 Chaowei Power
      11.2.2.1. Overview
      11.2.2.2. Products
      11.2.2.3. SWOT Analysis
      11.2.2.4. Recent Developments
      11.2.2.5. Financials (Based on Availability)
    - 11.2.3 GS Yuasa
      11.2.3.1. Overview
      11.2.3.2. Products
      11.2.3.3. SWOT Analysis
      11.2.3.4. Recent Developments
      11.2.3.5. Financials (Based on Availability)
    - 11.2.4 Exide Technologies
      11.2.4.1. Overview
      11.2.4.2. Products
      11.2.4.3. SWOT Analysis
      11.2.4.4. Recent Developments
      11.2.4.5. Financials (Based on Availability)
    - 11.2.5 CATL
      11.2.5.1. Overview
      11.2.5.2. Products
      11.2.5.3. SWOT Analysis
      11.2.5.4. Recent Developments
      11.2.5.5. Financials (Based on Availability)
    - 11.2.6 East Penn Manufacturing
      11.2.6.1. Overview
      11.2.6.2. Products
      11.2.6.3. SWOT Analysis
      11.2.6.4. Recent Developments
      11.2.6.5. Financials (Based on Availability)
    - 11.2.7 BYD
      11.2.7.1. Overview
      11.2.7.2. Products
      11.2.7.3. SWOT Analysis
      11.2.7.4. Recent Developments
      11.2.7.5. Financials (Based on Availability)
    - 11.2.8 Panasonic
      11.2.8.1. Overview
      11.2.8.2. Products
      11.2.8.3. SWOT Analysis
      11.2.8.4. Recent Developments
      11.2.8.5. Financials (Based on Availability)
    - 11.2.9 PEVE
      11.2.9.1. Overview
      11.2.9.2. Products
      11.2.9.3. SWOT Analysis
      11.2.9.4. Recent Developments
      11.2.9.5. Financials (Based on Availability)
    - 11.2.10 EnerSys
      11.2.10.1. Overview
      11.2.10.2. Products
      11.2.10.3. SWOT Analysis
      11.2.10.4. Recent Developments
      11.2.10.5. Financials (Based on Availability)
    - 11.2.11 OptimumNano
      11.2.11.1. Overview
      11.2.11.2. Products
      11.2.11.3. SWOT Analysis
      11.2.11.4. Recent Developments
      11.2.11.5. Financials (Based on Availability)
    - 11.2.12 Camel
      11.2.12.1. Overview
      11.2.12.2. Products
      11.2.12.3. SWOT Analysis
      11.2.12.4. Recent Developments
      11.2.12.5. Financials (Based on Availability)
    - 11.2.13 Exide Industries
      11.2.13.1. Overview
      11.2.13.2. Products
      11.2.13.3. SWOT Analysis
      11.2.13.4. Recent Developments
      11.2.13.5. Financials (Based on Availability)
    - 11.2.14 LG Chem
      11.2.14.1. Overview
      11.2.14.2. Products
      11.2.14.3. SWOT Analysis
      11.2.14.4. Recent Developments
      11.2.14.5. Financials (Based on Availability)
    - 11.2.15 GuoXuan
      11.2.15.1. Overview
      11.2.15.2. Products
      11.2.15.3. SWOT Analysis
      11.2.15.4. Recent Developments
      11.2.15.5. Financials (Based on Availability)
    - 11.2.16 FIAMM
      11.2.16.1. Overview
      11.2.16.2. Products
      11.2.16.3. SWOT Analysis
      11.2.16.4. Recent Developments
      11.2.16.5. Financials (Based on Availability)
    - 11.2.17 SAMSUNG SDI
      11.2.17.1. Overview
      11.2.17.2. Products
      11.2.17.3. SWOT Analysis
      11.2.17.4. Recent Developments
      11.2.17.5. Financials (Based on Availability)
    - 11.2.18 Fengfan
      11.2.18.1. Overview
      11.2.18.2. Products
      11.2.18.3. SWOT Analysis
      11.2.18.4. Recent Developments
      11.2.18.5. Financials (Based on Availability)
    - 11.2.19 Amara Raja Batteries
      11.2.19.1. Overview
      11.2.19.2. Products
      11.2.19.3. SWOT Analysis
      11.2.19.4. Recent Developments
      11.2.19.5. Financials (Based on Availability)
    - 11.2.20 AESC
      11.2.20.1. Overview
      11.2.20.2. Products
      11.2.20.3. SWOT Analysis
      11.2.20.4. Recent Developments
      11.2.20.5. Financials (Based on Availability)
    - 11.2.21 Lishen
      11.2.21.1. Overview
      11.2.21.2. Products
      11.2.21.3. SWOT Analysis
      11.2.21.4. Recent Developments
      11.2.21.5. Financials (Based on Availability)
    - 11.2.22 Hitachi
      11.2.22.1. Overview
      11.2.22.2. Products
      11.2.22.3. SWOT Analysis
      11.2.22.4. Recent Developments
      11.2.22.5. Financials (Based on Availability)
    - 11.2.23 Banner Batteries
      11.2.23.1. Overview
      11.2.23.2. Products
      11.2.23.3. SWOT Analysis
      11.2.23.4. Recent Developments
      11.2.23.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Vehicle Battery Revenue Breakdown (million, %) by Region 2024 & 2032
Figure 2: undefined Vehicle Battery Revenue (million), by Application 2024 & 2032
Figure 3: undefined Vehicle Battery Revenue Share (%), by Application 2024 & 2032
Figure 4: undefined Vehicle Battery Revenue (million), by Type 2024 & 2032
Figure 5: undefined Vehicle Battery Revenue Share (%), by Type 2024 & 2032
Figure 6: undefined Vehicle Battery Revenue (million), by Country 2024 & 2032
Figure 7: undefined Vehicle Battery Revenue Share (%), by Country 2024 & 2032
Figure 8: undefined Vehicle Battery Revenue (million), by Application 2024 & 2032
Figure 9: undefined Vehicle Battery Revenue Share (%), by Application 2024 & 2032
Figure 10: undefined Vehicle Battery Revenue (million), by Type 2024 & 2032
Figure 11: undefined Vehicle Battery Revenue Share (%), by Type 2024 & 2032
Figure 12: undefined Vehicle Battery Revenue (million), by Country 2024 & 2032
Figure 13: undefined Vehicle Battery Revenue Share (%), by Country 2024 & 2032
Figure 14: undefined Vehicle Battery Revenue (million), by Application 2024 & 2032
Figure 15: undefined Vehicle Battery Revenue Share (%), by Application 2024 & 2032
Figure 16: undefined Vehicle Battery Revenue (million), by Type 2024 & 2032
Figure 17: undefined Vehicle Battery Revenue Share (%), by Type 2024 & 2032
Figure 18: undefined Vehicle Battery Revenue (million), by Country 2024 & 2032
Figure 19: undefined Vehicle Battery Revenue Share (%), by Country 2024 & 2032
Figure 20: undefined Vehicle Battery Revenue (million), by Application 2024 & 2032
Figure 21: undefined Vehicle Battery Revenue Share (%), by Application 2024 & 2032
Figure 22: undefined Vehicle Battery Revenue (million), by Type 2024 & 2032
Figure 23: undefined Vehicle Battery Revenue Share (%), by Type 2024 & 2032
Figure 24: undefined Vehicle Battery Revenue (million), by Country 2024 & 2032
Figure 25: undefined Vehicle Battery Revenue Share (%), by Country 2024 & 2032
Figure 26: undefined Vehicle Battery Revenue (million), by Application 2024 & 2032
Figure 27: undefined Vehicle Battery Revenue Share (%), by Application 2024 & 2032
Figure 28: undefined Vehicle Battery Revenue (million), by Type 2024 & 2032
Figure 29: undefined Vehicle Battery Revenue Share (%), by Type 2024 & 2032
Figure 30: undefined Vehicle Battery Revenue (million), by Country 2024 & 2032
Figure 31: undefined Vehicle Battery Revenue Share (%), by Country 2024 & 2032

List of Tables

Table 1: Global Vehicle Battery Revenue million Forecast, by Region 2019 & 2032
Table 2: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 3: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 4: Global Vehicle Battery Revenue million Forecast, by Region 2019 & 2032
Table 5: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 6: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 7: Global Vehicle Battery Revenue million Forecast, by Country 2019 & 2032
Table 8: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 9: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 10: Global Vehicle Battery Revenue million Forecast, by Country 2019 & 2032
Table 11: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 12: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 13: Global Vehicle Battery Revenue million Forecast, by Country 2019 & 2032
Table 14: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 15: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 16: Global Vehicle Battery Revenue million Forecast, by Country 2019 & 2032
Table 17: Global Vehicle Battery Revenue million Forecast, by Application 2019 & 2032
Table 18: Global Vehicle Battery Revenue million Forecast, by Type 2019 & 2032
Table 19: Global Vehicle Battery Revenue million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Vehicle Battery?

The projected CAGR is approximately 8.3%.

2. Which companies are prominent players in the Vehicle Battery?

Key companies in the market include Johnson Controls, Chaowei Power, GS Yuasa, Exide Technologies, CATL, East Penn Manufacturing, BYD, Panasonic, PEVE, EnerSys, OptimumNano, Camel, Exide Industries, LG Chem, GuoXuan, FIAMM, SAMSUNG SDI, Fengfan, Amara Raja Batteries, AESC, Lishen, Hitachi, Banner Batteries.

3. What are the main segments of the Vehicle Battery?

The market segments include Application, Type.

4. Can you provide details about the market size?

The market size is estimated to be USD 151710 million as of 2022.

5. What are some drivers contributing to market growth?

N/A

6. What are the notable trends driving market growth?

N/A

7. Are there any restraints impacting market growth?

N/A

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2900.00, USD 4350.00, and USD 5800.00 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Vehicle Battery," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Vehicle Battery report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Vehicle Battery?

To stay informed about further developments, trends, and reports in the Vehicle Battery, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.